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Question
Under which head following revenue items of non-financial company will be classified or shown:
(i) Gain (Profit) on Sale of Fixed Asset;
(ii) Fee Received for Arranging Loans;
(iii) Interest on Loans Given;
(iv) Gain (Profit) on Sale of Investments and
(v) Sale of Miscellaneous Items?
Ledger
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Solution
| ITEMS | HEAD |
| Profit on Sale of Fixed Assets | Other Income |
| Fee Received for Arranging Loans | Other Income |
| Interest on Loans Given | Other Income |
| Profit on Sale of Investments | Other Income |
| Sale of a Miscellaneous item | Other Income |
shaalaa.com
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